Taxation Determination
TD 93/166W
Income tax: in what circumstances must dividends paid in respect of different classes of shares be franked at the same rate to avoid being considered as underfranked?
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Please note that the PDF version is the authorised version of this withdrawal notice.This document incorporates revisions made since original publication. View its history and amending notices, if applicable.
Notice of Withdrawal
Taxation Determination TD 93/166 is withdrawn with effect from today.
1. Taxation Determination TD 93/166 states as to what circumstances must dividends in respect of different classes of shares be franked at the same rate to avoid being considered as underfranked under section 160AQE of the Income Tax Assessment Act 1936.
2. The 'imputation system' applicable to companies was replaced with a new imputation system under Part 3-6 of the Income Tax Assessment Act 1997. The new imputation system rules applies to companies, corporate unit trusts, public trading trusts and limited partnerships from 1 July 2002. The new imputation system removed all references to the 'reckoning days' which was applicable under the repealed provisions.
3. Taxation Determination TD 93/166 is no longer current and therefore withdrawn.
Commissioner of Taxation
7 August 2013
Previously issued as Draft TD 93/D135
References
ATO references:
NO 1-3IE8IJE
Date: | Version: | Change: | |
19 August 1993 | Original ruling | ||
29 November 2006 | Original ruling + note | Repeal provision note | |
You are here | 7 August 2013 | Withdrawn |
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